Synopses & Reviews
"Lucy Bernholz is one of the leading thinkers on the present and future course of philanthropy. Her writings are always a step ahead of the rest, and this book is no exception. Her thoughts and analysis on the philanthropic sector, where it is headed, and what is required from leaders like us, are both timely and visionary. She urges us to reimagine ourselves as an industry and identifies the practical steps we can take as donors and foundations to build philanthropic capital markets that will help us achieve our social missions."
Alexa Cortes Culwell, CEO, Charles and Helen Schwab Foundation
"Now that all the philanthropic hype of the late 90s has died down, what are the true, key trends for the future? What really matters? Bernholz articulately identifies the vital issues we all must focus on if we are going to capitalize on those trends and optimize philanthropys future."
Paul Shoemaker, Director, Social Venture Partners, Seattle
"Lucy Bernholz combines the rigor of a trained scholar with the street smarts of an experienced practitioner. This combination makes her an indispensable guide to the philanthropic marketplace. Creating Philanthropic Capital Markets provides her most provocative theories and visions, and therefore is a must read for anyone who wants to understand, influence, or participate effectively in what she calls the new era of commercial charity."
Katherine Fulton, Partner, Global Business Network and the Monitor Group
"Business success relies on networkswhy would philanthropy be any different? Lucy Bernholz has charted how families and individuals are building giving portfolios by using multiple products and services within the philanthropic sector. She also challenges the philanthropic service sector to evolve to best serve these donors and communities. For people just getting started in givingand for those already involvedthis analysis provides practical insights into how to get the greatest results from their philanthropy."
Jeff Shields, Vice President, U.S. Trust Company
"Lucy Bernholzs newest book is a lively and engaging exploration of the dynamic new philanthropy industry in America. It functions as a kind of charitable GPS, guiding the reader across the fascinating, varied, and shifting terrain of twenty-first-century charitable giving. But, more importantly, it offers a well-conceived blueprint of new ways that private charitable resources can and should be better leveraged for greater effectiveness and impact in the public benefit sector."
Peter Hero, President, Community Foundation Silicon Valley
Review
Lucy Bernholz is one of the leading thinkers on the present and future course of philanthropy. Her writings are always a step ahead of the rest and this book is no exception. Her thoughts and analysis on the philanthropic sector, where it is headed and what is required from leaders like us, are both timely and visionary. She urges us to reimagine ourselves as an industry and identifies the practical steps we can take as donors and foundations to build philanthropic capital markets that will help us achieve our social missions.
Alexa Cortes Culwell, CEO
Charles and Helen Schwab Foundation
"Now that all the philanthropic hype of the late 90’s has died down, what are the true, key trends for the future? What really matters? Bernholz articulately identifies the vital issues we all must focus on if we are going to capitalize on those trends and optimize philanthropy’s future."
Paul Shoemaker, Director
Social Venture Partners Seattle
Lucy Bernholz combines the rigor of a trained scholar with the street smarts of an experienced practitioner. This combination ma kes her an indispensable guide to the philanthropic marketplace. Creating Philanthropic Capital Markets provides her most provocative theories and visions, and therefore is a must read for anyone who wants to understand, influence or participate effectively in what she calls the new era of commercial charity.
Katherine Fulton, Partner
Global Business Network and the Monitor Group
"Lucy Bernholz's critical analysis and clear language has captured the key issues in today's philanthropy and made it accessible to the non-technical reader. Our foundation's Board was able to make several significant operational decisions by beginning with Bernholz's analysis of the future of foundations."
Marvin Shotland, President
The Jewish Community Foundation of Los Angeles
"Lucy Bernholz's newest book is a lively and engaging exploration of the dynamic new philanthropy industry in America. It functions as a kind of ‘charitable GPS’ guiding the reader across the fascinating, varied, and shifting terrain of 21st Century charitable giving. But more importantly, it offers a well-conceived blueprint of new ways that private charitable resources can-and should-be better leveraged for greater effectiveness and impact in the public benefit sector."
Peter Hero, President
Community Foundation Silicon Valley
"Business success relies on networks—why would philanthropy be any different? Lucy Bernholz has charted how families and individuals are building "giving portfolios" by using multiple products and services within the philanthropic sector. She also challenges the philanthropic service sector to evolve to best serve these donors and communities. For people just getting started in giving—and for those already involved—this analysis provides practical insights into how to get the greatest results from their philanthropy."
Jeff Shields
Vice President
U.S. Trust Company
Synopsis
This book applies the basics of industrial theory and evolution to see how individual organizations, associations, and the philanthropic infrastructure can change to work more effectively--suggesting how to build a framework for philanthropy as it must develop as an industry through the 21st century. It includes a thorough breakdown of industry drivers (e.g., demographic changes, wealth and income predictions and disparities, regulatory pressure, and new technologies) and offers practical advice for the development of a new capital market based on such opportunities as organizational change (new staffing patterns), new uses for industry knowledge (technological advances), and the advent of tangential service providers (consultants and advisors).
Synopsis
Through a coherent framework for pursuing such far-ranging changes, this easy-to-understand book addresses new ways for individuals and organizations to invest grant funds, approach regulatory structures that guide giving, and define their goals, activities, outcomes, and achievements. The author applies basic principles of industrial theory and evolution to examine, with a trained scholar’s eye, how individual organizations, associations, and the philanthropic infrastructure can work more effectively.
Order your copy today!
Synopsis
Every year, individuals and families in America give more than $200 billion to support nonprofit activityranging from tithing to their churches to multimillion-dollar endowments. The strength of American philanthropy is its diversity and personal nature. Its weakness is its dispersed size and diminishing value in the face of ever-widening gaps in wealth and public revenue shortfalls.
Creating Philanthropic Capital Markets presents strategies for reimagining philanthropy. It suggests that the resources of individual philanthropic playerspeople and institutionscan have a far greater impact, provide far more satisfaction, and contribute to a far better world, if the system of philanthropy as a whole is redesigned.
This volumes broad perspective draws from a variety of works on organizational change in philanthropy that pulls together ongoing but disconnected efforts within philanthropy to demonstrate a singular approach to enact change in the industry.
Through a coherent framework for pursuing such far-ranging changes, this easy-to-understand book addresses new ways for individuals and organizations to invest grant funds, approach regulatory structures that guide giving, and define their goals, activities, outcomes, and achievements. Many of the ideas presented here are currently practiced in small or in limited ways.
The author brings together more than a decades worth of real-life insight as a program officer or consultant to many foundations, and applies basic principles of industrial theory and evolution to examine, with a trained scholars eye, how individual organizations, associations, and the philanthropic infrastructure can work more effectively.
Complete with many informative tables and graphs, Creating Philanthropic Capital Markets is an enlightening and inspiring volume for everyone working in philanthropy: professional advisors, tax attorneys, financial planners, financial service firms, and estate planners and accountants who serve high-net-worth individuals.
About the Author
LUCY BERNHOLZ, PhD, is the founder and President of Blueprint Research & Design, a strategy consulting firm specializing in program research and design for philanthropic foundations. As a noted analyst of the philanthropic industry, she has published numerous articles in the trade and general press, and edited many collections and scholarly journals. A portion of the income from the sales of this book will be dedicated to the Blueprint Research & Design corporate giving program. www.blueprintrd.com
Table of Contents
List of Exhibits.Acknowledgments.
Introduction.
Designing the Future.
Change Comes Slowly.
The Trillion-Dollar Opportunity.
What Does Better Look Like?
Chapter 1. The Industry of Philanthropy.
Defining the Industry.
Mapping the Landscape of Philanthropic Capital.
Evolutionary Adaptations and the Limits of the Industrial Framework.
Evolutionary Aspects of Philanthropy.
Systems Theory.
The Exceptions Prove the Rule.
The Age of Commercial Charity.
Chapter 2. What the Future Could Look Like.
Why Bother?
Getting There.
Assembly Required.
Not Just Newer, But Better.
Chapter 3. The Forces of Change.
Change Drivers on Society as a Whole.
Demographic Trends.
New Structures for Working.
Globalization and Its Backlash.
Environmental and Community Sustainability.
Change Drivers on the Industry.
Pushing on the Pieces.
Collectively Isolated.
Drivers of Change at the Organizational Level.
Community Foundations Innovate First.
Private Foundations and Changes in the Industry.
The Ties that Bind Foundations Together.
Implications of These Changes.
Imagine the Industry Anew.
Can Philanthropy Change Itself?
Chapter 4. Philanthropic Marketplaces.
Philanthropy and Financial Services: Parallels and Divergences.
Competition in the Philanthropic Marketplace.
Products in the Market.
Philanthropic Alliances.
The Power of Joint Action.
Tied Together at the Top.
Emerging Connections.
Divergent Tensions.
Chapter 5. Public Support for Philanthropy.
Regulated from the Start.
Industry Growth and Public Oversight.
Operating in the Public Eye: Growing Public Attention.
The Potential for Industry Action.
Pressure Points in the Regulatory Framework.
What the Regulatory Framework Should Do.
New Markets, New Approaches to Regulation.
Meaningful Metrics.
Chapter 6. Evolving the Industry.
Aligning Products and Services to Aggregate Resources.
Using Knowledge as an Industry Resource.
Promoting Hybrid Organizations and Strategies.
Redesigning the Industry Infrastructure.
Potential Leverage Points.
The Direction of Evolution.
Chapter 7. New Nodes on the Network.
Organizational Implications.
Partnership Building.
The Role of Money.
Charting Philanthropic Cycles.
Mixing Up the Menu.
New Assessment Strategies.
Buy or Rent?
Results.
The Sum of the Parts.
Independent Foundations.
Changing One to Change Many.
Chapter 8. Building New Systems for Social Good.
The Futures We Choose.
New Revenue Systems.
Industry Leadership.
Deliberate Diversity.
Looking Back from the Future.
Copyright Information.
Bibliography.
Notes.
Index.